The Montenegro deal is uncannily similar to Malta’s. The difference between Montenegro and Malta is that the Montenegro deal was later cancelled following a change in government. The newly-installed Health Minister, Kenan Hrapović, tore up the agreement in January 2017.

In addition, further investigation by The Shift News shows that by the time the former health minister had announced the Montenegrin government was in negotiations with Vitals, 12 companies had already been set up in Jersey which took into account the Montenegro project.

The list of companies indicates that VGH’s Malta operations were intended to be held through the aptly named – VGH Malta Ltd – in Jersey. The names of the other companies with names of countries hint at their intended purpose or destination in different countries.

Annual returns for the Jersey companies continue to be filed, as recently as March 2017, showing the companies are still active.

The Shift News has been analysing and pursuing leads from the documents submitted by the panicked investor in Maltese courts, revealing that financial trouble hit a key company in the British Virgin Islands a month before discussions on the sale to Steward Healthcare starting being held.